Autodesk has announced that it would reduce 1,350 jobs as part of a worldwide restructuring plan.
The software company outlined the move in the finance report in the fourth quarter and explained that it reduced the internal resources for the “critical areas” such as industry clouds and artificial intelligence.
Although Autodesk “strong” results reported, including total sales increases from 12% to 1.64 billion US dollars, the restructuring will have 9% of its workforce, which means around 1,350 employees, other exit costs and reductions for the facility. The company assumes that the restructuring costs before tax is between $ 135 and $ 150 million.
“Autodesk focuses on the convergence of design and make in the cloud, which is made possible by platform, industry clouds and AI. We reduce internal resources for these critical areas and start with the optimization of our contact point for the market to better meet the developing requirements of our customers and channel partners,” said Andrew Anagnost, Autodesk President and CEO. “We expect constant growth and a disciplined execution, which will be reinforced by persistent stock returns, deliver sustainable shareholders over many years.”
In a message to the employees, Anagnost said that the company would “do everything possible to support affected employees and to treat them with care during this process”. Anagnost said the decision and said that the company would change resources and accelerate investments in AI, platform and industry clouds. In the declaration, the shift of the company's strategy in the market launch strategy “from the transition to subscription and multi-year contracts, which contribute annually in relation to self-service activity, the assumption of direct billing and more” and quick changes to the global business environment “due to macroeconomic and geopolitical factors and the development of regulations” to help factors and stand Regulations “as a self-compatibility obligation” as accession factors “as accessories of self-service enabled, as well as rapid changes to the self-service permission” and contribute to factors to the castle “as transfer of the uprisings in the areas of self-service factors.
The Autodesk software tools are used by designers and engineers in all architecture and construction, media and entertainment and product design and manufacturing industries, including cooperations in the additive manufacturing area through integrations with the merger platform and the progress in generative design. The portfolio is categorized by its design and make -up business segments, which according to this latest report, which achieved a sales of 1.36 billion US dollars (an increase of 12 percent as a registered and constant currency base) or $ 176 million (an increase of 28 percent or on a constant currency base). His subscription plan achieved sales of 1.52 billion US dollars, an increase of 14 percent and on a constant currency base.
“The fourth quarter and the full year in the Fiscal 25 are strong,” said Janesh Moorjani, Autodesk CFO. “The end of the new transaction model start in the fourth quarter was a significant milestone, and we have now started the optimization phase of our sales and marketing plan. As soon as our sales and marketing optimization has been completed, we expect GAAP margins to deliver the best in the industry.”